MDF CONSULTING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MDF CONSULTING
Largest movements
- Receivables within one year +€299,357
up €299,357 (+154%), from €194,537 to €493,894
of which Trade receivables: +€291,725
- Cash +€132,617
up €132,617 (+59.6%), from €222,652 to €355,269
mainly Net result for the year (+€456,457) and Tax, wage and social debts (+€42,022)
- Reserves +€456,457
up €456,457 (+170%), from €268,705 to €725,163
- Other debts -€78,807
down €78,807 (-100%), from €78,807 to €0
- Tax, wage and social debts +€42,022
up €42,022 (+865%), from €4,857 to €46,879
of which Taxes: +€44,232
- Gross operating margin +€269,622
up €269,622 (+108%), from €248,529 to €518,151
- Taxes -€6,640
down €6,640 (-11.4%), from €58,033 to €51,394
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €451,721 | €878,169 | +€426,448 | +94.4% |
| Fixed assets | 21/28 | €14,831 | €10,806 | -€4,026 | -27.1% |
| Tangible fixed assets | 22/27 | €12,631 | €10,806 | -€1,826 | -14.5% |
| Land and buildings | 22 | €5,704 | €4,749 | -€955 | -16.7% |
| Plant, machinery and equipment | 23 | €2,229 | €1,772 | -€457 | -20.5% |
| Furniture and vehicles | 24 | €4,698 | €4,284 | -€414 | -8.8% |
| Financial fixed assets | 28 | €2,200 | €0 | -€2,200 | -100% |
| Current assets | 29/58 | €436,889 | €867,363 | +€430,474 | +98.5% |
| Amounts receivable within one year | 40/41 | €194,537 | €493,894 | +€299,357 | +154% |
| Trade receivables | 40 | €173,168 | €464,893 | +€291,725 | +168% |
| Other amounts receivable | 41 | €21,369 | €29,001 | +€7,632 | +35.7% |
| Current investments | 50/53 | €12,713 | €14,513 | +€1,800 | +14.2% |
| Cash at bank and in hand | 54/58 | €222,652 | €355,269 | +€132,617 | +59.6% |
| Deferred charges and accrued income | 490/1 | €6,988 | €3,688 | -€3,300 | -47.2% |
| Total equity and liabilities | 10/49 | €451,721 | €878,169 | +€426,448 | +94.4% |
| Equity | 10/15 | €287,305 | €743,763 | +€456,457 | +159% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,705 | €725,163 | +€456,457 | +170% |
| Distributable reserves | 133 | €268,705 | €725,163 | +€456,457 | +170% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €164,415 | €134,406 | -€30,009 | -18.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €164,415 | €134,210 | -€30,205 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €80,751 | €87,332 | +€6,580 | +8.1% |
| Suppliers | 440/4 | €80,751 | €87,332 | +€6,580 | +8.1% |
| Taxes, remuneration and social security | 45 | €4,857 | €46,879 | +€42,022 | +865% |
| Taxes | 450/3 | €1,497 | €45,729 | +€44,232 | +2,955% |
| Remuneration and social security | 454/9 | €3,360 | €1,150 | -€2,210 | -65.8% |
| Other amounts payable | 47/48 | €78,807 | €0 | -€78,807 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €196 | +€196 | |
| Non-recurring operating income | 76A | €385 | €3,030 | +€2,644 | +687% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,162 | €4,214 | +€52 | +1.2% |
| Other operating charges | 640/8 | €1,940 | €1,704 | -€237 | -12.2% |
| Non-recurring operating charges | 66A | €291 | €0 | -€291 | -100% |
| Gross operating margin | 9900 | €248,529 | €518,151 | +€269,622 | +108% |
| Operating profit (loss) | 9901 | €242,135 | €512,234 | +€270,098 | +112% |
| Financial income | 75/76B | €3,112 | €1 | -€3,112 | -100.0% |
| Recurring financial income | 75 | €3,112 | €1 | -€3,112 | -100.0% |
| Financial charges | 65/66B | €6,634 | €4,383 | -€2,251 | -33.9% |
| Recurring financial charges | 65 | €6,634 | €4,383 | -€2,251 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €238,613 | €507,851 | +€269,237 | +113% |
| Income taxes | 67/77 | €58,033 | €51,394 | -€6,640 | -11.4% |
| Profit (loss) for the period | 9904 | €180,580 | €456,457 | +€275,877 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €180,580 | €456,457 | +€275,877 | +153% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.